| MGA latest price $63.9900 (-0.53%) ($63.4500 - $64.6800) on Tue. Aug. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 82 |
Latest Price | $63.9900(-0.53%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.5% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IWO(74%) IWM(73%) IVE(72%) PAVE(71%) SPY(71%) |
Factors Impacting MGA price | MGA will decline at least -1% in a week (0% probabilities). VIXM(-60%) VXX(-59%) UUP(-26%) TBT(-17%) USO(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1% (StdDev 2%) |
Hourly BBV | -0.6 () |
Intraday Trend | 0.1% |
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